Upper Crust owner: 'Demand for travel will return'
SSP sales are 76% down with about two-thirds of its outlets closed across the group.Source: BBC News - Business | 23 Sep 2020 | 9:08 pm(NZT)
Brexit letter warns of 7,000-truck queues in Kent
Exporters to the EU face two-day delays to trade after transition period ends, a cabinet minister warns.Source: BBC News - Business | 23 Sep 2020 | 3:33 pm(NZT)
Nike expects permanent shift to online sales
The sportswear giant has seen digital sales soar and says few customers will revert back to stores.Source: BBC News - Business | 23 Sep 2020 | 2:21 pm(NZT)
Musk: Cheaper Tesla ready 'in about three years'
Plans for lower-cost batteries and a $25,000 car did not excite investors - firm's value fell $50bn.Source: BBC News - Business | 23 Sep 2020 | 1:57 pm(NZT)
Could churches double up as bank branches in cash-stricken areas?
The idea is one of a number being trialled to help improve access to cash in remote areas.Source: BBC News - Business | 23 Sep 2020 | 12:09 pm(NZT)
'It’s OK to make losses early on'
The co-founder of Beans Coffee Club says it’s OK to make losses when you start your business, but make sure it’s money you can afford to lose.Source: BBC News - Business | 23 Sep 2020 | 11:08 am(NZT)
Barclays to send staff back to working from home
City firms SocGen and Lloyd's of London also tell staff to stop coming into the office after new guidance.Source: BBC News - Business | 23 Sep 2020 | 8:50 am(NZT)
Bank of England boss calls for furlough 'rethink'
Governor Andrew Bailey suggests that some sectors may benefit from further targeted help.Source: BBC News - Business | 23 Sep 2020 | 2:42 am(NZT)
'Closing pubs at 10pm halves your takings'
The hospitality industry warns the earlier closing time will have a 'devastating' impact.Source: BBC News - Business | 23 Sep 2020 | 2:33 am(NZT)
Kingfisher to hand back £23m of UK furlough cash
The B&Q owner's profits soar after home improvements boom during the coronavirus lockdown.Source: BBC News - Business | 23 Sep 2020 | 1:51 am(NZT)
Whitbread to cut 6,000 jobs as hotel demand slumps
The owner of Premier Inns has warned that almost 20% of its workers could be laid off.Source: BBC News - Business | 22 Sep 2020 | 10:56 pm(NZT)
'Lack of investment' behind delayed court cases
Court cases face serious delays in the UK and lawyers say more investment in technology would help.Source: BBC News - Business | 22 Sep 2020 | 8:41 pm(NZT)
Vans, not glamorous, but key as EU weighs autos mega-merger
Their silhouettes don't stir dreams of adventure like a sports car or trendy SUV, but vans are a rare source of profit for European carmakers, which is why EU regulators are focused on them as they decide whether to back an industry mega-merger.Source: Reuters: Business News | 19 Jun 2020 | 2:12 am(NZT)
Colgate reviewing Chinese toothpaste brand Darlie amid debate on racial inequality
Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a U.S. debate on racial inequality.Source: Reuters: Business News | 19 Jun 2020 | 1:48 am(NZT)
Wirecard scrambles to find missing $2.1 billion as loan crunch looms
Wirecard's auditor has refused to sign off its 2019 accounts over a missing $2.1 billion, sending its shares down more than 60% as the German payments firm warned the delay could cause billions in loans to be called in as early as Friday.Source: Reuters: Business News | 19 Jun 2020 | 1:39 am(NZT)
Wall Street opens lower on rising virus cases, elevated jobless claims
U.S. stocks fell at the open on Thursday as an uptick in COVID-19 infections in the United States threatened to upend bets of a swift economic recovery, with data showing weekly jobless claims remained elevated amid a second wave of layoffs.Source: Reuters: Business News | 19 Jun 2020 | 1:38 am(NZT)
Chanel warns virus impact will linger on luxury sector
The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on Thursday, warning the French fashion label's 2020 revenues and profit would be significantly hit.Source: Reuters: Business News | 19 Jun 2020 | 1:29 am(NZT)
Factbox: German payments firm Wirecard and its missing billions
Billions of euros of loans to Wirecard could be called in as early as Friday after the German payments company said its auditor had refused to sign off on its 2019 accounts, knocking more than half the value off its shares on Thursday.Source: Reuters: Business News | 19 Jun 2020 | 1:24 am(NZT)
Cash flows into U.S. growth funds surge, value funds see outflows
U.S. investors have ramped up investments in growth funds over the past few months on expectations of higher returns and safety, while they dumped value funds despite cheaper prices after this year's pandemic-linked selloff.Source: Reuters: Business News | 19 Jun 2020 | 1:08 am(NZT)
U.S. Chamber urges China to accelerate purchases of U.S. goods
The U.S. Chamber of Commerce on Thursday underscored the importance of functional U.S.-China ties and urged Beijing to step up its purchases of U.S. goods and services as agreed under a Phase 1 trade deal despite delays caused by the coronavirus.Source: Reuters: Business News | 19 Jun 2020 | 12:53 am(NZT)
Oil prices tick up as drop in U.S. product stocks encourages bulls
Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and their allies to discuss their future output strategy.Source: Reuters: Business News | 19 Jun 2020 | 12:48 am(NZT)
KKR buys vacation parks firm Roompot in $1.1 billion deal
U.S. private equity firm KKR said on Thursday it had reached an agreement to buy Dutch vacation parks firm Roompot from French private equity firm PAI Partners.Source: Reuters: Business News | 19 Jun 2020 | 12:47 am(NZT)
U.S. weekly jobless claims remain high as second wave of layoffs hits industries
A second wave of layoffs amid weak demand and fractured supply chains is keeping new U.S. applications for unemployment benefits elevated, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.Source: Reuters: Business News | 19 Jun 2020 | 12:38 am(NZT)
Kroger expects to top 2020 outlook, beats estimates for profit, sales
Kroger Co said it expects to exceed its 2020 outlook for same-store sales and profit after beating Wall Street expectations for quarterly results on Thursday, as the U.S. supermarket chain benefited from consumers stocking up on essentials during the coronavirus lockdowns.Source: Reuters: Business News | 19 Jun 2020 | 12:27 am(NZT)
Whitney Houston’s Estate Plans a Hologram Tour and a New Album
The family of the singing star, who died seven years ago, has reached a deal with the marketing company behind the posthumous resurgence of Bob Marley.Source: NYT > Business | 20 May 2019 | 9:00 pm(NZT)
Amazon Faces Investor Pressure Over Facial Recognition
Shareholders are voting on whether to push the tech giant to examine the human rights and financial risks of the surveillance technology.Source: NYT > Business | 20 May 2019 | 9:00 pm(NZT)
In a Surprise, Japan’s Economy Grew in the First Quarter, Despite a Slowdown in China
But the strong figure masks lingering weakness, giving Prime Minister Shinzo Abe a mixed bag as he tries to strike a trade deal with the U.S.Source: NYT > Business | 20 May 2019 | 5:53 pm(NZT)
Rain Much on Your Vacation? One Italian Island Offers Hotel Refunds
Tourists who visit Elba, off the coast of Tuscany, get one night back for every day during which it rains for more than two hours at a time.Source: NYT > Business | 20 May 2019 | 4:18 pm(NZT)
As Thousands of Taxi Drivers Were Trapped in Loans, Top Officials Counted the Money
The government profited and looked away as thousands of immigrant taxi drivers in New York were ravaged by exploitative loans.Source: NYT > Business | 20 May 2019 | 4:04 pm(NZT)
TripAdvisor Modified Its Approach to Reviews and Sexual Assault. Did It Go Far Enough?
A woman assaulted by a tour guide says the company’s policies discourage reporting and keep travelers from finding out the truth.Source: NYT > Business | 20 May 2019 | 3:36 pm(NZT)
‘They Were Conned’: How Reckless Loans Devastated a Generation of Taxi Drivers
Thousands of immigrants who were chasing the dream of owning a New York taxi were trapped in reckless loans by bankers who made huge profits, The Times found.Source: NYT > Business | 20 May 2019 | 2:24 pm(NZT)
Deadly Germs, Lost Cures: Citrus Farmers Facing Deadly Bacteria Turn to Antibiotics, Alarming Health Officials
In its decision to approve two drugs for orange and grapefruit trees, the E.P.A. largely ignored objections from the C.D.C. and the F.D.A., which fear that expanding their use in cash crops could fuel antibiotic resistance in humans.Source: NYT > Business | 20 May 2019 | 12:29 pm(NZT)
Mediator: Social Media Pollution, a Huge Problem in the Last Election, Could Be Worse in 2020
As a candidate, Donald Trump promoted a mystery Twitter account that falsely portrayed a protester as an ISIS terrorist. Nothing stops him from doing it again.Source: NYT > Business | 20 May 2019 | 11:49 am(NZT)
Who Is Robert F. Smith, the Man Paying Off Morehouse Graduates’ Loans?
Mr. Smith amassed a fortune estimated to be worth $5 billion by founding a private equity firm. He’s also the chairman of the board of Carnegie Hall.Source: NYT > Business | 20 May 2019 | 10:58 am(NZT)
As ‘Rocketman’ Prepares to Take Off, Hollywood Holds Its Breath
Depending on ticket sales, the R-rated musical fantasia about Elton John could have ripple effects for its star, its studio and the wider film industry.Source: NYT > Business | 20 May 2019 | 10:45 am(NZT)
Tech Jobs Lead to the Middle Class. Just Not for the Masses.
The great hope for people without a bachelor’s degree hasn’t yet spread beyond small-scale success stories.Source: NYT > Business | 20 May 2019 | 7:20 am(NZT)
